Gran Tierra Energy Inc. (TSE:GTE) (AMEX:GTE) has been assigned a consensus rating of “Buy” from the eighteen brokerages that are currently covering the stock. Fourteen equities research analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$6.25.

A number of equities research analysts recently commented on the company. Credit Suisse Group AG set a C$4.00 price objective on Gran Tierra Energy and gave the stock a “buy” rating in a research note on Saturday, March 4th. Cormark assumed coverage on Gran Tierra Energy in a research note on Monday. They set a “buy” rating for the company. TD Securities reaffirmed an “action buy list” rating and set a C$6.00 price objective on shares of Gran Tierra Energy in a research note on Thursday, December 1st. Zacks Investment Research cut Gran Tierra Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 29th. Finally, CSFB raised Gran Tierra Energy from a “neutral” rating to an “outperform” rating in a research note on Friday, February 10th.

In other Gran Tierra Energy news, Director Brooke N. Wade bought 142,600 shares of Gran Tierra Energy stock in a transaction on Monday, March 13th. The shares were purchased at an average cost of C$2.59 per share, for a total transaction of C$369,334.00. Also, insider Ed Caldwell bought 15,000 shares of Gran Tierra Energy stock in a transaction on Wednesday, December 21st. The shares were acquired at an average price of C$2.92 per share, for a total transaction of C$43,800.00. Following the completion of the acquisition, the insider now owns 15,000 shares of the company’s stock, valued at approximately C$43,800. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 245,900 shares of company stock worth $646,363.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. WFG Advisors LP raised its position in Gran Tierra Energy by 34.5% in the fourth quarter. WFG Advisors LP now owns 2,589 shares of the company’s stock valued at $150,000 after buying an additional 664 shares in the last quarter. GLG Partners LP raised its position in Gran Tierra Energy by 185.6% in the fourth quarter. GLG Partners LP now owns 44,241 shares of the company’s stock valued at $134,000 after buying an additional 28,751 shares in the last quarter. Virginia Retirement Systems ET AL raised its position in Gran Tierra Energy by 28.4% in the third quarter. Virginia Retirement Systems ET AL now owns 58,800 shares of the company’s stock valued at $177,000 after buying an additional 13,000 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Gran Tierra Energy by 13.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 73,509 shares of the company’s stock valued at $222,000 after buying an additional 8,624 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its position in Gran Tierra Energy by 8.3% in the third quarter. Great West Life Assurance Co. Can now owns 82,540 shares of the company’s stock valued at $246,000 after buying an additional 6,350 shares in the last quarter.

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Gran Tierra Energy (TSE:GTE) opened at 3.35 on Thursday. The firm’s market capitalization is $1.34 billion. The firm has a 50-day moving average price of $3.43 and a 200 day moving average price of $3.75. Gran Tierra Energy has a 12 month low of $2.98 and a 12 month high of $4.44.

Gran Tierra Energy (TSE:GTE) last released its earnings results on Wednesday, March 1st. The company reported ($0.36) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.37. On average, equities analysts forecast that Gran Tierra Energy will post $0.12 EPS for the current year.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc is an energy company engaged in oil and gas acquisition, exploration, development and production. The Company focuses on onshore oil and gas properties in Colombia, and also own rights to oil and gas properties in Brazil and Peru. Its segments are Colombia, Peru and Brazil based on geographic organization.

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